Kraken news

Established in 2011, USA. No. of pairs - 56. Fiat - Euro, Canadian dollars, US dollars, British pounds and Japanese yen. Centralized exchange.

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Crypto Exchange Kraken Encounters a Bug, Allowing People to Buy BTC at $8k

On Sept. 13, a test of an unreleased advanced order type encountered a bug on Kraken, shared the cryptocurrency exchange on Twitter: 1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order's prices being matched against the wrong side of the book. Some clients bought from the […]
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Kraken Exchange Experiences Matching Bug Driving Bitcoin Price To $12,000

The cryptocurrency exchange Kraken experienced a bug resulting in the order¡s prices being matched against the wrong side of the book. This created a situation in which some […] The post Kraken Exchange Experiences Matching Bug Driving Bitcoin Price To $12,000 appeared first on UseTheBitcoin.
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Bitcoin Price Hits $12,000 on Kraken Following Order Matching Glitch

Crypto trading service Kraken has revealed the reason for the abnormal Bitcoin price on its platform was due to an order matching bug. Abnormal Bitcoin Price Spread on Kraken On Saturday (September 13, 2019), the XBT/USD trading pair on Kraken experienced a $2,000 takeaway in both directions. 1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order's prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity. pic.twitter.com/iG3sEPCVXS — Kraken Exchange (@krakenfx) September 14, 2019 In a Twitter thread published on Sunday (September 14, 2019), Kraken provided an explanation for the Bitcoin price anomaly. An excerpt from the tweet reads: Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order’s prices being matched against the wrong side of the book. Some clients bought from the tester at $8000 and others sold at $12000 without clearing the intervening liquidity. According to some traders, such a bug with severe ramifications shouldn’t show up on a production test, even if it happened on a limited production beta environment. In response, Kraken CEO Jesse Powell said finding bugs are part of the process of refining the operations of automated order matching algorithms. Commenting on the matter, Powell tweeted: Our new order types undergo thousands of automated and human tests for months before they make it to prod. You can’t find all the bugs all the time. No Liquidations on Either End Another criticism making the rounds is that such incidents dent the image of the bitcoin market in the eyes of regulators. Issues concerning price discovery and market manipulation continue to be a major red flag for the U.S. Securities and Exchange Commission (SEC) on approving a Bitcoin ETF. According to Kraken, there were no liquidations on either end as stops set in the $8,000 to $12,000 range were filled at the correct spot bitcoin price. However, some traders are claiming on Twitter that they had buy orders in the mid The bitcoin price quote on Kraken has since returned to a normal spread. The glitch also didn’t have any observable impact on the spot price of bitcoin, likely due to the absence of liquidations on either end. Back in May 2019, a 5,000 BTC dump on Bitstamp caused the bitcoin price to plunge to $6,100. Later in July 2019, a 15,000 ETH on the Bitstamp triggered an ether flash crash. Massive liquidations on BitMEX have also caused significant downward price action for bitcoin. What do you think about the order matching bug that occurred on the Kraken platform? Let us know in the comments below. Images via Shutterstock, Twitter @krakenfx. The post Bitcoin Price Hits $12,000 on Kraken Following Order Matching Glitch appeared first on Bitcoinist.com.
Bitcoinist

Bitcoin bought at $8k and sold at $12k on Kraken due to order book bug

Kraken exchange was testing an unreleased advanced order type on 14 September, which encountered a bug resulting in the order’s prices being matched against the wrong side of the book. This allowed traders to buy BTC at $8k and sell it for $12k without clearing the intervening liquidity. On their official Twitter handle, the exchange […] The post Bitcoin bought at $8k and sold at $12k on Kraken due to order book bug appeared first on AMBCrypto.
AMBCrypto

Official ICX listing on Kraken Cryptocurrency Exchange

ZUG, Switzerland, Sept. 12, 2019 /PRNewswire/ -- ICX, the native token of the ICON project that is led by the ICON Foundation, is now listed on Kraken, a leading U.S. based cryptocurrency exchange. Trading pairs include ICX/USD, ICX/EUR, ICX/XBT, and ICX/ETH. This is the first time that ICX is available for trade with the U.S. Dollar and the Euro. "Many people know ICON as the top Korean blockchain project, and so, we are proud to lead the way by being the first Korean project to be listed on a U.S. based exchange," said Min Kim, ICON Foundation council member. "Moreover, we believe this is evidence that industry leaders like Kraken now recognize that ICON is rapidly evolving into a global project with a truly decentralized global community." The ICON project ...Full story available on Benzinga.com
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Kraken news by Finrazor

DIGEST

Zcash unveiled an already fixed vulnerability, US presidential candidate McAfee the debtor, QuadrigaCX seeking protection and justice, Kraken's new partnership, evidence of BTC decentralization improvements, rumors as for Bakkt, a bunch of news from Ripple and Telegram TON updates

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DIGEST

Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

DIGEST

Meh: Yet No Hidden Reason For Fluctuations Here

Turkish stock exchange applies blockchain, Belgium offers ICO regulation, new deadline for Visa crypto cards issue, Greek's big plans for BTC-ATMs, an opinion of representative from the Royal Bank of Canada on Goldman Sachs's policy, and Kraken's assurances on its stability

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OPINION

Under Attack

Attacks concerning on wallets and cryptocurrency exchanges is becoming the standard of the industry. Everything is vulnerable — from huge market-monsters to new projects, and sometimes it seems that it is better not to trust anyone at all.

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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
CoinGape

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
Bitcoin Exchange Guide

Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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